Accounting Information System
Lafarge Surma CompanyAnalysis of Income Statement for the year 2012 and 2013The presentation of financial Income Statement have been prepared in accordance to Bangladesh Accounting Standard, more specifically consolidated financial statement of the company have been prepared in accordance to BAS-27 consolidated and separate financial statement.The presentation income statement is (condensed) format and the key elements of the income statement is provided in disclosures section as notes as per BAS requirements. As per BAS presentation of financial statements, no item of income and expense are to be presented as extraordinary gain or loss in the financial statements. Accordingly. No extraordinary gain or loss has been recognized in the financial statements.RevenueThe main source of revenues are sales and export, in year 2012, total sales was 10640061,000 taka, in which domestic sales 8560810,000 taka and export sales 15734,000 taka. But in 2013 the total sales was 11330374,000 taka, where domestic sales was 8529981,000 taka and export sales was 1377,000 taka. As we can see, compared to total sales of 2012, total sales increased in 2013, but export sales and domestic sales of grey cement has decreased and d sales of cement clinker has increased. Disclosures of total sales is provided in note-24, for the both year.
Gross profitIn 2012 was 3447132,000 taka and in 2013 it was 3578325,000 taka. So, gross profit in 2013 has increased even though cost of goods sold has increased due to increase in sales in 2013. Disclosures of cost of goods sold is provided in note-25 for the both year. Operating incomeIn 2012 was 2594204000 taka and in 2013 it was 2860694000 taka. As we can see, other operating income has increased in 2013 compared to 2012. Disclosures provided in note-28, for the both year.ExpendituresSelling expenses are 153284,000 taka and administrative expenses are 678765000 taka production and maintenance expenses are 971679000 taka and general and social expenses are 267047000 taka in 2012 and in 2013 it was 152429,000 taka, 738674000 taka 1060032000 and 305467000 respectively. So, expenses in 2013 has increased compared to 2012. The operating income in 2012 was 2594204,000 taka and in 2013 it was 2860694,000 taka. The disclosures of selling production and general expenses are provided in note-25 & 26 and administration expenses are provided in note-27 for the both year.